Indices
Dow Transportation closed at 11020.83 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 125.03. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Neutral. Fractal Bias – Bullish.
Dow Industrial closed at 25187.70 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 227.46. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction – Sell. Fractal Bias – Bullish.
Russell 2000 closed at 1675.32 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 18.48. Intermediate Cycle is positive and flat. Short Cycle is positive and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 7401.17 with an inverted hammer candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 70.29. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Neutral. Fractal Bias – Bearish.
S&P 500 closed at 2821.93 with a bearish candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Daily trading range was 23.52. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Bearish. Fractal Bias – Neutral.
Metals and Commodities
WTI Crude oil futures (CL) closed at $67.41 per barrel with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.24. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Bearish. Fractal Bias – Bearish.
Gold futures (GC) closed at 1200.5 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 3.9. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Bearish. Fractal Bias – Bearish.
Agriculture (DBA) ETF gapped down and closed at 17.08 with an inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.12. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Sell.
Commodities (DBC) ETF closed at 16.95 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.255. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Neutral.
Bonds
Bond futures (/ZB) closed at 144’07 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.75. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
High Yield bond ETF (HYG) closed at 85.83 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.19. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. It is in a weekly Squeeze. Fractal Bias – Bullish.
Currency
The dollar index ($DXY) closed at 96.32 with a high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.364. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Bullish. It is in a Squeeze. Fractal Bias – Bullish.
EUR/USD closed at 1.1409 with a small bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0067. Intermediate Cycle is negative and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish.
USD/JPY closed at 110.65 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.827. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Neutral.
6S (Swiss Franc) – closed at 1.01 with a bullish candle intertwined with its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.0033. Intermediate Cycle is negative and flat. Short Cycle is negative and flat. Market direction: Buy. It is in a Squeeze. Fractal Bias – Sell.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLU, XLV, XLF, XLP, XLI and XLY.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLU, XLP, XLY, XLK and XLI respectively.
Market Internals
Market sentiment is Neutral. Market breadth is sloping downwards showing more losers to gainers. Volume Accumulation/ Distribution is sloping downwards showing nett distribution. Skew is at 159.03. Vix is at 10.81 and Vix futures is at 13.75.
The Week Ahead
Market internals are showing weakness. Vix is about 10 which is low but Vix futures is above 13 showing that the market is prepared for a near term volatility. SKEW is exceptional high at 159!!! Market sentiment is now rather neutral. The prognosis is for a pullback in the indices.
ES – Intermediate Cycle – Positive/Falling. Current – Positive/Falling. Market direction – Sell. Fractal Bias – Neutral.
NQ – Intermediate Cycle – Positive/Rising. Current – Positive/Falling. Market direction – Neutral. It is in a Squeeze. Fractal Bias – Sell
YM – Intermediate Cycle – Positive/Falling. Current – Positive/Falling. Market direction – Sell. Weekly Squeeze. Fractal Bias – Bullish.
RTY – Intermediate Cycle – Positive/Flat. Current – Positive/Flat. Market direction – Sell. It is in a Squeeze. Fractal Bias – Sell.
GC – Intermediate Cycle – Negative/Falling. Current – Negative/Falling. Market direction – Sell. It is in a Squeeze. Fractal Bias – Bearish.
CL – Intermediate Cycle – Negative/Falling. Current – Negative/Rising. Market direction – Sell. It is in a Squeeze. Fractal Bias – Bearish.
To YOUR wealth!
Would you like to learn to trade stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
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Indices
Dow Transportation closed at 11020.83 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 125.03. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Neutral. Fractal Bias – Bullish.
Dow Industrial closed at 25187.70 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 227.46. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction – Sell. Fractal Bias – Bullish.
Russell 2000 closed at 1675.32 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 18.48. Intermediate Cycle is positive and flat. Short Cycle is positive and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 7401.17 with an inverted hammer candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 70.29. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Neutral. Fractal Bias – Bearish.
S&P 500 closed at 2821.93 with a bearish candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Daily trading range was 23.52. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Bearish. Fractal Bias – Neutral.
Metals and Commodities
WTI Crude oil futures (CL) closed at $67.41 per barrel with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.24. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Bearish. Fractal Bias – Bearish.
Gold futures (GC) closed at 1200.5 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 3.9. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Bearish. Fractal Bias – Bearish.
Agriculture (DBA) ETF gapped down and closed at 17.08 with an inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.12. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Sell.
Commodities (DBC) ETF closed at 16.95 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.255. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Neutral.
Bonds
Bond futures (/ZB) closed at 144’07 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.75. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
High Yield bond ETF (HYG) closed at 85.83 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.19. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. It is in a weekly Squeeze. Fractal Bias – Bullish.
Currency
The dollar index ($DXY) closed at 96.32 with a high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.364. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Bullish. It is in a Squeeze. Fractal Bias – Bullish.
EUR/USD closed at 1.1409 with a small bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0067. Intermediate Cycle is negative and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish.
USD/JPY closed at 110.65 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.827. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Neutral.
6S (Swiss Franc) – closed at 1.01 with a bullish candle intertwined with its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.0033. Intermediate Cycle is negative and flat. Short Cycle is negative and flat. Market direction: Buy. It is in a Squeeze. Fractal Bias – Sell.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLU, XLV, XLF, XLP, XLI and XLY.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLU, XLP, XLY, XLK and XLI respectively.
Market Internals
Market sentiment is Neutral. Market breadth is sloping downwards showing more losers to gainers. Volume Accumulation/ Distribution is sloping downwards showing nett distribution. Skew is at 159.03. Vix is at 10.81 and Vix futures is at 13.75.
The Week Ahead
Market internals are showing weakness. Vix is about 10 which is low but Vix futures is above 13 showing that the market is prepared for a near term volatility. SKEW is exceptional high at 159!!! Market sentiment is now rather neutral. The prognosis is for a pullback in the indices.
ES – Intermediate Cycle – Positive/Falling. Current – Positive/Falling. Market direction – Sell. Fractal Bias – Neutral.
NQ – Intermediate Cycle – Positive/Rising. Current – Positive/Falling. Market direction – Neutral. It is in a Squeeze. Fractal Bias – Sell
YM – Intermediate Cycle – Positive/Falling. Current – Positive/Falling. Market direction – Sell. Weekly Squeeze. Fractal Bias – Bullish.
RTY – Intermediate Cycle – Positive/Flat. Current – Positive/Flat. Market direction – Sell. It is in a Squeeze. Fractal Bias – Sell.
GC – Intermediate Cycle – Negative/Falling. Current – Negative/Falling. Market direction – Sell. It is in a Squeeze. Fractal Bias – Bearish.
CL – Intermediate Cycle – Negative/Falling. Current – Negative/Rising. Market direction – Sell. It is in a Squeeze. Fractal Bias – Bearish.
To YOUR wealth!
Would you like to learn to trade stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
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